Gentex Co. (NASDAQ:GNTX) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC raised its holdings in Gentex Co. (NASDAQ:GNTX) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,061 shares of the auto parts company’s stock after purchasing an additional 1,740 shares during the quarter. Bleakley Financial Group LLC’s holdings in Gentex were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GNTX. Scharf Investments LLC grew its holdings in Gentex by 36,001.4% during the second quarter. Scharf Investments LLC now owns 2,278,357 shares of the auto parts company’s stock worth $76,803,000 after acquiring an additional 2,272,046 shares during the period. TD Asset Management Inc grew its holdings in shares of Gentex by 41.2% in the 1st quarter. TD Asset Management Inc now owns 4,677,655 shares of the auto parts company’s stock worth $168,957,000 after acquiring an additional 1,363,898 shares during the period. Motley Fool Asset Management LLC increased its position in shares of Gentex by 287.7% in the first quarter. Motley Fool Asset Management LLC now owns 1,204,152 shares of the auto parts company’s stock valued at $43,494,000 after buying an additional 893,552 shares in the last quarter. Leeward Investments LLC MA acquired a new position in shares of Gentex during the 1st quarter worth $28,289,000. Finally, Epoch Investment Partners Inc. boosted its position in shares of Gentex by 32.6% in the 1st quarter. Epoch Investment Partners Inc. now owns 2,963,250 shares of the auto parts company’s stock worth $107,033,000 after buying an additional 727,913 shares in the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GNTX shares. UBS Group initiated coverage on shares of Gentex in a research report on Wednesday, September 4th. They set a “neutral” rating and a $34.00 target price for the company. BNP Paribas downgraded Gentex from an “outperform” rating to a “neutral” rating and set a $34.00 target price on the stock. in a research report on Tuesday, July 30th. Robert W. Baird lowered their price target on Gentex from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Monday, July 29th. JPMorgan Chase & Co. cut their price objective on shares of Gentex from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, B. Riley lowered their target price on shares of Gentex from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, July 29th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.13.

Insider Activity at Gentex

In other news, major shareholder Corp Gentex bought 3,152,500 shares of Gentex stock in a transaction on Friday, August 23rd. The shares were bought at an average price of $5.00 per share, with a total value of $15,762,500.00. Following the acquisition, the insider now directly owns 6,463,808 shares in the company, valued at approximately $32,319,040. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is owned by corporate insiders.

Gentex Stock Up 0.8 %

NASDAQ GNTX opened at $29.92 on Monday. Gentex Co. has a fifty-two week low of $27.86 and a fifty-two week high of $37.58. The business has a 50 day moving average price of $29.85 and a two-hundred day moving average price of $32.38. The stock has a market cap of $6.92 billion, a PE ratio of 15.83, a P/E/G ratio of 0.95 and a beta of 0.92.

Gentex (NASDAQ:GNTX) last announced its earnings results on Friday, July 26th. The auto parts company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.15). Gentex had a net margin of 17.87% and a return on equity of 17.78%. The business had revenue of $572.93 million for the quarter, compared to analyst estimates of $623.28 million. Sell-side analysts anticipate that Gentex Co. will post 1.96 EPS for the current fiscal year.

Gentex Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Wednesday, October 9th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.60%. The ex-dividend date is Wednesday, October 9th. Gentex’s dividend payout ratio is currently 25.40%.

Gentex Profile

Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers.